425

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 28, 2013

OLD NATIONAL BANCORP

(Exact name of Registrant as specified in its charter)

Indiana	001-15817	35-1539838
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

One Main Street Evansville, Indiana	47708
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (812) 464-1294

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On October 28, 2013, Old National Bancorp (the “Company”) issued a press release reporting its financial results for the third quarter of 2013. The press release is included as Exhibit 99.1 hereto and is incorporated herein by reference. The Company also released the financial trends including its third-quarter results. The financial trends are included as Exhibit 99.2 hereto and are incorporated herein by reference. In connection therewith, a slide presentation outlining third-quarter earnings, recent strategic developments and the Company’s financial outlook will be available on the Company’s website to complement the conference call to be held on October 28, 2013, at 10:00 a.m. CST and will be accessible at http://www.oldnational.com before the conference call begins.

Item 8.01 Other Events

On October 28, 2013, the Company issued a press release disclosing certain information relevant to the previously announced pending merger of Tower Financial Corporation with and into the Company. A copy of the press release is included as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The following exhibits are furnished herewith:

Exhibit No.	Description
99.1	Press Release issued by Old National Bancorp on October 28, 2013
99.2	Financial Trends issued by Old National Bancorp on October 28, 2013

* * * * * * *

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 28, 2013

OLD NATIONAL BANCORP

By: /s/ Christopher A. Wolking                                            

      Christopher A. Wolking

      Senior Executive Vice President and

      Chief Financial Officer

3

Exhibit Index

Exhibit No.	Description
99.1	Press Release issued by Old National Bancorp on October 28, 2013
99.2	Financial Trends issued by Old National Bancorp on October 28, 2013

4

EX-99.1

Exhibit 99.1

Filed by Old National Bancorp

Pursuant to Rule 425 under the Securities Act of 1933

Subject Company: Tower Financial Corporation

Commission File No.: 000-25287

	NASDAQ: ONB oldnational.com
FOR IMMEDIATE RELEASE October 28, 2013	Contacts: Media: Kathy A. Schoettlin – (812) 465-7269 Executive Vice President – Communications Financial Community: Lynell J. Walton – (812) 464-1366 Senior Vice President – Investor Relations

Old National’s 3^rd quarter includes entry into Michigan, strong credit and stable net interest margin

3^rd QUARTER HIGHLIGHTS:

• Quarterly net income of $23.9 million—a 21.3% increase over 3^rd quarter 2012 ($19.7 million)

• Continued strong credit quality

• Remain well capitalized despite continued M&A activity (integrated Bank of America branches in Northern Indiana and Southwestern Michigan)

• Announced partnership with Ft. Wayne-headquartered Tower Financial

Evansville, Ind. (October 28, 2013) – Today Old National Bancorp (NASDAQ: ONB) reported 3^rd quarter 2013 net income of $23.9 million, or $.23 per share. These results represent a 21.3% increase over the net income of $19.7 million, or $.20 per share, reported in 3^rd quarter 2012.

The company’s 3^rd quarter results were impacted by $2.3 million of charges related to the July 12, 2013, merger and integration of 24 former Bank of America branches in Northern Indiana and Southwestern Michigan. In addition, as part of Old National’s transformation into higher-growth markets, the company incurred $2.7 million in costs associated with branch closures during the current quarter.

“Our 3^rd quarter results, specifically our strong credit metrics and stable net interest margin, reinforce Old National’s position as a strong, secure and well capitalized community bank,” said Bob Jones, Old National president & CEO. “Additionally, the completion of our Bank of America branch acquisition and the announcement of our partnership with (Fort Wayne-based) Tower Financial reflect our continued focus on seeking growth opportunities that benefit our clients and shareholders.”

Old National Bancorp’s Board of Directors declared a quarterly cash dividend of $.10 per share on the Company’s outstanding shares. This dividend is payable December 16, 2013, to shareholders of record on December 2, 2013. For purposes of broker trading, the ex-date of the cash dividend is November 27, 2013.

Committed to our Strategic Imperatives

Old National’s strong performance through the most recent economic downturn, as well as its strong credit and capital positions, can be attributed to its unwavering commitment to the following strategic imperatives:

1. Strengthen the risk profile.

2. Enhance management discipline.

3. Achieve consistent quality earnings.

Page 1 of 8

1. STRENGTHEN THE RISK PROFILE

Credit Quality

In the 3^rd quarter of 2013, Old National continued the trend of improvement in overall credit quality metrics as the company reported decreases in non-performing, problem and special mention loans as well as industry low net charge-offs. Old National reported a provision recapture of $1.7 million in the 3^rd quarter 2013, compared to a recapture of $3.7 million in the 2^nd quarter of 2013 and provision expense of $.4 million in the 3^rd quarter of 2012. Net charge-offs for 3^rd quarter 2013 were $.3 million, or .02% of average total loans on an annualized basis, below the $.5 million, or .04% of average total loans in the 2^nd quarter of 2013 and the $.4 million, or .03% of average total loans in the 3^rd quarter of 2012.

Excluding covered loans, Old National’s net charge-offs for the 3^rd quarter of 2013 were $.3 million and were slightly higher than the $.1 million reported in the 2^nd quarter of 2013 and the net recoveries of $.4 million reported in the 3^rd quarter of 2012. Continued positive trends in credit quality allowed Old National to recapture $1.3 million of provision expense in the 3^rd quarter of 2013, excluding covered loans, compared to recaptures of $3.3 million and $.3 million in the 2^nd quarter of 2013 and the 3^rd quarter of 2012, respectively.

Excluding covered loans, Old National’s allowance for loan losses at September 30, 2013, was $42.3 million, or .88% of total loans, compared to an allowance of $43.9 million, or .90% of total loans at June 30, 2013, and $50.4 million, or 1.05% of total loans, at September 30, 2012. The coverage of allowance to non-performing loans, excluding covered loans, stood at 35% at September 30, 2013, compared to the 32% at June 30, 2013, and 29% at September 30, 2012.

“With regard to our overall credit metrics, this was another very strong quarter for Old National,” said Daryl Moore, Old National’s Chief Credit Officer. “I’m especially pleased at our continued progress in reducing net charge-offs, which were at an industry low for the quarter.”

The following table presents certain credit quality metrics related to Old National’s loan portfolio:

($ in millions)	2011			2012			1Q13			1Q13*			2Q13			2Q13*			3Q13			3Q13*
Non-Performing Loans (NPLs)	$	299.5		$	263.5		$	219.6		$	154.4		$	198.8		$	138.5		$	162.4		$	121.6
Problem Loans (Including NPLs)	$	404.3		$	355.4		$	303.1		$	221.7		$	265.9		$	198.4			223.9			178.3
Special Mention Loans	$	103.2		$	122.6		$	141.5		$	127.3		$	166.8		$	152.8			139.4			129.5
Net Charge-Off Ratio		.49	%		.16	%		.17	%		.10	%		.04	%		.01	%		.02	%		.03	%
Provision for Loan Losses	$	7.5		$	5.0		$	.8			($.6	)		($3.7	)		($3.3	)		($1.7	)		($1.3	)

* Excludes covered loans.

2. ENHANCE MANAGEMENT DISCIPLINE

Expense Management

For the 3^rd quarter of 2013, Old National reported total noninterest expenses of $96.7 million, which represented an efficiency ratio of 72.96%. This ratio was significantly impacted by a number of charges in the quarter, as detailed in the table below. In addition to the merger and integration charges related to the acquisition of the Bank of America banking centers, Old National recorded an additional $3.0 million in ongoing operational expenses from these newly acquired banking centers.

Included in Old National’s 3^rd quarter 2013 noninterest expenses were the following items:

($ in millions)
Branch closure charges	$	2.7
Merger and integration charges		2.3
Funding of the Old National Foundation		1.2
Provision for unfunded commitments		.5
Pension plan adjustment		.3

Page 2 of 8

Capital Management

Maintaining a strong capital position is a top priority for Old National, as it remained above industry requirements at September 30, 2013, with regulatory tier 1 and total risk-based capital ratios of 14.2% and 15.1%, respectively, compared to 14.4% and 15.4% at June 30, 2013, and 12.9% and 14.1% at September 30, 2012. Old National repurchased 250,000 shares of stock in the open market during the 3^rd quarter of 2013 compared to the repurchase of 500,000 shares made in the 2^nd quarter of the current year.

The following table presents Old National’s risk-based and leverage ratios compared to industry requirements:

	Well Capitalized			ONB at September 30, 2013
Tier 1 Risk-Based Capital Ratio		> 6	%		14.2	%
Total Risk-Based Capital Ratio		> 10	%		15.1	%
Tier 1 Leverage Capital Ratio		> 5	%		8.8	%

At September 30, 2013, Old National’s ratio of tangible common equity to tangible assets was 8.41%, compared to 8.65% at June 30, 2013, and 9.05% at September 30, 2012. Refer to Table 1 for Non-GAAP reconciliations.

3. ACHIEVE CONSISTENT QUALITY EARNINGS

Balance Sheet and Net Interest Margin

Total period-end loans declined from $5.201 billion at June 30, 2013, to $5.080 billion at September 30, 2013. This decrease was largely attributable to sales of $96.9 million in residential mortgage loans and $11.6 million in leases during the current quarter.

Total investments, including money market accounts, increased $40.2 million to $3.206 billion, from $3.166 billion at June 30, 2013. Average total investments decreased $94.5 million to $3.128 billion at September 30, 2013, from $3.223 billion at June 30, 2013. During 3rd quarter 2013, Old National sold $9.9 million of securities and had $16.8 million of securities called, resulting in securities gains of $.2 million compared to $1.8 million of securities gains in the 2nd quarter of 2013. Old National has not incurred any other-than-temporary impairment related to its securities portfolio in 2013.

At September 30, 2013, total core deposits, including demand and interest-bearing deposits, climbed to $7.208 billion, an increase of $368.3 million, from the $6.840 billion at June 30, 2013. On average, total core deposits increased to $7.220 billion during 3^rd quarter 2013 compared to $6.952 billion during 2^nd quarter 2013. The increases during the current quarter were the result of the purchase of 24 Bank of America banking centers previously discussed. These deposits totaled $508.6 million at the end of the 3^rd quarter and averaged $462.6 million for the 3^rd quarter.

Old National reported net interest income of $78.0 million for 3^rd quarter 2013 compared to $79.2 million in 2^nd quarter 2013, and $74.1 million for 3^rd quarter 2012. Net interest income on a fully taxable equivalent basis was $82.4 million for 3^rd quarter 2013 and represented a net interest margin on total average earning assets of 3.96%. These results compare to net interest income on a fully taxable equivalent basis of $83.4 million and a margin of 3.97% in 2^nd quarter 2013 and net interest income on a fully taxable equivalent basis of $77.5 million and a margin of 4.09% for 3^rd quarter 2012. Refer to Tables A and B for Non-GAAP taxable equivalent reconciliations.

The following table presents amounts and basis points related to the accretion of purchase accounting discounts recorded in net interest income during the periods presented from various Old National acquisitions:

($ in millions)	3Q12		3Q12*		2Q13		2Q13*		3Q13		3Q13*
Monroe Bancorp	$	2.2		12 bps	$	1.4		7 bps	$	1.8		9 bps
Integra Bank	$	9.1		48 bps	$	6.8		32 bps	$	6.5		31 bps
Indiana Community Bancorp	$	.3		2 bps	$	6.1		29 bps	$	4.8		23 bps

* Represents basis points.

Page 3 of 8

Fees, Service Charges and Other Revenue

Total fees, service charges and other revenue totaled $47.5 million for the 3^rd quarter of 2013 compared to $44.3 million in the 2^nd quarter of 2013 and $38.0 million in the 3^rd quarter of 2013. The 3^rd quarter of 2013 included an additional $1.1 million in bank-owned life insurance proceeds, a $1.6 million credit on the renewal of a contract, as well as an additional $2.1 million of fee revenue from the newly acquired Bank of America banking centers. Partially offsetting other revenue was an expense of $2.1 million in the change in indemnification asset related to the acquisition of Integra Bank. The 2^nd quarter of 2013 included an expense of $1.5 million in the change in indemnification asset. Old National has been accounting for the indemnification asset relating to the July 29, 2011, FDIC-assisted acquisition of Integra Bank under Accounting Standards Update No. 2012-06 since inception.

About Old National

Old National Bancorp (NASDAQ: ONB) is the largest financial services holding company headquartered in Indiana and, with $9.7 billion in assets, ranks among the top 100 banking companies in the U.S. Since its founding in Evansville in 1834, Old National has focused on community banking by building long-term, highly valued partnerships with clients in its primary footprint of Indiana, Illinois, Kentucky and Michigan. In addition to providing extensive services in retail and commercial banking, wealth management, investments and brokerage, Old National also owns Old National Insurance, one of the 100 largest brokers in the U.S. For more information and financial data, please visit Investor Relations at oldnational.com.

Conference Call

Old National will hold a conference call at 10:00 a.m. Central Time on Monday, October 28, 2013, to discuss 3^rd quarter 2013 financial results, strategic developments, and the Company’s financial outlook. The live audio web cast of the call, along with the corresponding presentation slides, will be available on the Company’s Investor Relations web page at oldnational.com and will be archived there for 12 months. A replay of the call will also be available from 8:00 a.m. Central Time on October 29 through November 11. To access the replay, dial 1-855-859-2056, conference code 85826718.

Use of Non-GAAP Financial Measures

This earnings release contains GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in understanding Old National’s results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this release or the Quarterly Financial Trends supplement to this earnings release, which can be found on Investor Relations at oldnational.com.

Table 1: Non-GAAP Reconciliation-Tangible Equity to Tangible Assets

(end of period balances - $ in millions)	June 30, 2013			September 30, 2013
Total Shareholders’ Equity	$	1,167.0		$	1,159.3
Deduct: Goodwill and Intangible Assets		(364.4	)		(379.3	)
Tangible Shareholders’ Equity	$	802.6		$	779.9
Total Assets	$	9,641.1		$	9,652.1
Add: Trust Overdrafts		.1			.1
Deduct: Goodwill and Intangible Assets		(364.4	)		(379.3	)
Tangible Assets	$	9,276.7		$	9,272.8
Tangible Equity to Tangible Assets		8.65	%		8.41	%

Page 4 of 8

Additional Information for Shareholders

In connection with the proposed merger, Old National Bancorp will file with the Securities and Exchange Commission (SEC) a Registration Statement on Form S-4 that will include a Proxy Statement of Tower Financial Corporation and a Prospectus of Old National Bancorp, as well as other relevant documents concerning the proposed transaction. Shareholders are urged to read the Registration Statement and the Proxy Statement/Prospectus regarding the merger when it becomes available and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information. A free copy of the Proxy Statement/Prospectus, as well as other filings containing information about Old National Bancorp and Tower Financial Corporation, may be obtained at the SEC’s Internet site (http://www.sec.gov). You will also be able to obtain these documents, free of charge, from Old National Bancorp at www.oldnational.com under the tab “Investor Relations” and then under the heading “Financial Information” or from Tower Financial Corporation by accessing Tower Financial Corporation’s website at www.towerbank.net under the tab “Investor Relations” and then under the heading “SEC Filings.”

Old National Bancorp and Tower Financial Corporation and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Tower Financial Corporation in connection with the proposed merger. Information about the directors and executive officers of Old National Bancorp is set forth in the proxy statement for Old National’s 2013 annual meeting of shareholders, as filed with the SEC on a Schedule 14A on March 15, 2013. Information about the directors and executive officers of Tower Financial Corporation is set forth in the proxy statement for Tower Financial Corporation’s 2013 annual meeting of shareholders, as filed with the SEC on a Schedule 14A on March 28, 2013. Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction may be obtained by reading the Proxy Statement/Prospectus regarding the proposed merger when it becomes available. Free copies of this document may be obtained as described in the preceding paragraph.

Forward-Looking Statement

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, descriptions of Old National’s financial condition, results of operations, asset and credit quality trends and profitability and statements about the expected timing, completion, financial benefits and other effects of the proposed merger. Forward-looking statements can be identified by the use of the words “anticipate,” “believe,” “expect,” “intend,” “could” and “should,” and other words of similar meaning. These forward-looking statements express management’s current expectations or forecasts of future events and, by their nature, are subject to risks and uncertainties and there are a number of factors that could cause actual results to differ materially from those in such statements. Factors that might cause such a difference include, but are not limited to; market, economic, operational, liquidity, credit and interest rate risks associated with Old National’s business, competition, government legislation and policies (including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act and its related regulations), ability of Old National to execute its business plan, including the proposed acquisition of Tower Financial Corporation, and satisfy the items addressed in Old National’s Consent Order with the Office of the Comptroller of the Currency, changes in the economy which could materially impact credit quality trends and the ability to generate loans and gather deposits, failure or circumvention of Old National’s internal controls, failure or disruption of our information systems, failure to adhere to or significant changes in accounting, tax or regulatory practices or requirements, new legal obligations or liabilities or unfavorable resolutions of litigations, other matters discussed in this press release and other factors identified in the Company’s Annual Report on Form 10-K and other periodic filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date of this press release, and Old National undertakes no obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this release.

Page 5 of 8

OLD NATIONAL BANCORP

Financial Highlights (Table A)

	Three-Months Ended
($ in thousands except per-share data) (FTE) Fully taxable equivalent basis.	Sept. 30, 2013			June 30, 2013			Change			% Change
Income Data:
Net Interest Income	$	77,996		$	79,191		$	(1,195	)		(1.5	)
Taxable Equivalent Adjustment		4,362			4,243			119			2.8
Net Interest Income (FTE)		82,358			83,434			(1,076	)		(1.3	)
Fees, Service Charges and Other Revenues		47,545			44,311			3,234			7.3
Securities Gains (Losses) (a)		186			1,789			(1,603	)		(89.6	)
Derivative Gains (Losses)		24			144			(120	)		(83.3	)
Total Revenue (FTE)		130,113			129,678			435			0.3
Provision for Loan Losses		(1,724	)		(3,693	)		1,969			N/M
Noninterest Expense		96,658			86,916			9,742			11.2
Income before Taxes		35,179			46,455			(11,276	)		(24.3	)
Provision for Taxes (FTE)		11,231			17,977			(6,746	)		(37.5	)
Net Income		23,948			28,478			(4,530	)		(15.9	)
Per Common Share Data: (Diluted) (b)
Net Income		.23			.28			(.05	)		(17.9	)
Average Diluted Shares Outstanding		101,131			101,352			(221	)		(0.2	)
Book Value		11.51			11.57			(.06	)		(0.5	)
Stock Price		14.20			13.83			.37			2.7
Performance Ratios:
Return on Average Assets		1.00	%		1.18	%		(.18	)%		(15.3	)
Return on Average Common Equity (c)		8.23			9.51			(1.28	)		(13.5	)
Net Interest Margin (FTE)		3.96			3.97			(.01	)		(0.3	)
Other Expense to Revenue (Efficiency Ratio) (d)		72.96			66.52			6.44			9.7
Net Charge-offs to Average Loans (e)		0.03			0.01			.02			N/M
Reserve for Loan Losses to Ending Loans (e)		0.88			0.90			(0.02	)		(2.2	)
Non-Performing Loans to Ending Loans (e)		2.52			2.83			(0.31	)		(11.0	)
Balance Sheet:
Average Assets	$	9,606,048		$	9,661,408			(55,360	)		(0.6	)
End of Period Balances:
Assets		9,652,079			9,641,071			11,008			0.1
Investments		3,176,406			3,104,065			72,341			2.3
Money Market Investments (f)		29,508			61,690			(32,182	)		(52.2	)
Commercial Loans and Leases		1,416,520			1,437,203			(20,683	)		(1.4	)
Commercial Real Estate Loans		1,269,302			1,328,680			(59,378	)		(4.5	)
Consumer Loans		1,012,158			978,691			33,467			3.4
Residential Real Estate Loans		1,374,496			1,431,648			(57,152	)		(4.0	)
Residential Real Estate Loans Held for Sale		7,918			13,572			(5,654	)		(41.7	)
Finance Leases Held for Sale		—			11,553			(11,553	)		(100.0	)
Earning Assets		8,286,308			8,367,102			(80,794	)		(1.0	)
Core Deposits (Excluding Brokered CDs)		7,208,407			6,840,093			368,314			5.4
Borrowed Funds (Including Brokered CDs)		1,052,846			1,414,728			(361,882	)		(25.6	)
Common Shareholders’ Equity		1,159,256			1,166,978			(7,722	)		(0.7	)

(a) Includes $0 and $0, respectively, for other-than-temporary impairment in 3^rd quarter 2013 and 2^nd quarter 2013.

(b) Assumes conversion of stock options, restricted stock, and warrants.

(c) Based on average common shareholders’ equity of $1,164,456 and $1,197,861, respectively, for September 30, 2013 and June 30, 2013.

(d) Noninterest expense before amortization of intangibles as a percent of FTE net interest income and noninterest revenues, excluding net gains from securities transactions.

(e) Excludes residential loans and leases held for sale and covered loans.

(f) Includes money market investments and Federal Reserve interest earning accounts.

N/M = Not meaningful.

Page 6 of 8

OLD NATIONAL BANCORP

Financial Highlights (Table B)

	Three-Months Ended
($ in thousands except per-share data) (FTE) Fully taxable equivalent basis.	Sept. 30, 2013			Sept. 30, 2012			Change			% Change
Income Data:
Net Interest Income	$	77,996		$	74,150		$	3,846			5.2
Taxable Equivalent Adjustment		4,362			3,340			1,022			30.6
Net Interest Income (FTE)		82,358			77,490			4,868			6.3
Fees, Service Charges and Other Revenues		47,545			37,966			9,579			25.2
Securities Gains (Losses) (a)		186			2,675			(2,489	)		(93.0	)
Derivative Gains (Losses)		24			226			(202	)		(89.4	)
Total Revenue (FTE)		130,113			118,357			11,756			9.9
Provision for Loan Losses		(1,724	)		400			(2,124	)		N/M
Noninterest Expense		96,658			89,019			7,639			8.6
Income before Taxes		35,179			28,938			6,241			21.6
Provision for Taxes (FTE)		11,231			9,201			2,030			22.1
Net Income		23,948			19,737			4,211			21.3
Per Common Share Data: (Diluted) (b)
Net Income		.23			.20			0.03			15.0
Average Diluted Shares Outstanding		101,131			96,125			5,006			5.2
Book Value		11.51			11.70			(0.19	)		(1.6	)
Stock Price		14.20			13.61			0.59			4.3
Performance Ratios:
Return on Average Assets		1.00	%		.91	%		0.09	%		9.9
Return on Average Common Equity (c)		8.23			7.17			1.06			14.8
Net Interest Margin (FTE)		3.96			4.09			(0.13	)		(3.2	)
Other Expense to Revenue (Efficiency Ratio) (d)		72.96			75.26			(2.3	)		(3.1	)
Net Charge-offs to Average Loans (e)		0.03			(0.03	)		0.06			N/M
Reserve for Loan Losses to Ending Loans (e)		0.88			1.05			(0.17	)		(16.2	)
Non-Performing Loans to Ending Loans (e)		2.52			3.59			(1.07	)		(29.8	)
Balance Sheet:
Average Assets	$	9,606,048		$	8,715,272		$	890,776			10.2
End of Period Balances:
Assets		9,652,079			9,383,044			269,035			2.9
Investments		3,176,406			2,764,280			412,126			14.9
Money Market Investments (f)		29,508			37,043			(7,535	)		(20.3	)
Commercial Loans and Leases		1,416,520			1,363,516			53,004			3.9
Commercial Real Estate Loans		1,269,302			1,528,167			(258,865	)		(16.9	)
Consumer Loans		1,012,158			1,034,418			(22,260	)		(2.2	)
Residential Real Estate Loans		1,374,496			1,317,065			57,431			4.4
Residential Real Estate Loans Held for Sale		7,918			9,911			(1,993	)		(20.1	)
Finance Leases Held for Sale		—			—			0			N/M
Earning Assets		8,286,308			8,054,400			231,908			2.9
Core Deposits (Excluding Brokered CDs)		7,208,407			7,218,249			(9,842	)		(0.1	)
Borrowed Funds (Including Brokered CDs)		1,052,846			743,690			309,156			41.6
Common Shareholders’ Equity		1,159,256			1,186,764			(27,508	)		(2.3	)

(a) Includes $0 and $202, respectively, for other-than-temporary impairment in 3^rd quarter 2013 and 3^rd quarter 2012.

(b) Assumes conversion of stock options, restricted stock, and warrants.

(c) Based on average common shareholders’ equity of $1,164,456 and $1,101,795 respectively, for 2013 and 2012.

(d) Noninterest expense before amortization of intangibles as a percent of FTE net interest income and noninterest revenues, excluding net gains from securities transactions.

(e) Excludes residential loans and leases held for sale and covered loans.

(f) Includes money market investments and Federal Reserve interest earning accounts.

N/M = Not meaningful.

Page 7 of 8

OLD NATIONAL BANCORP

Financial Highlights

	Nine-Months Ended
($ in thousands except per-share data) (FTE) Fully taxable equivalent basis.	Sept. 30, 2013			Sept. 30, 2012			Change			% Change
Income Data:
Net Interest Income	$	236,237		$	224,396		$	11,841			5.3
Taxable Equivalent Adjustment		12,517			9,643			2,874			29.8
Net Interest Income (FTE)		248,754			234,039			14,715			6.3
Fees, Service Charges and Other Revenues		137,164			128,475			8,689			6.8
Securities Gains (Losses) (a)		2,994			9,410			(6,416	)		(68.2	)
Derivative Gains (Losses)		156			657			(501	)		(76.3	)
Total Revenue (FTE)		389,068			372,581			16,487			4.4
Provision for Loan Losses		(4,572	)		2,849			(7,421	)		N/M
Noninterest Expense		273,757			266,333			7,424			2.8
Income before Taxes		119,883			103,399			16,484			15.9
Provision for Taxes (FTE)		43,512			34,733			8,779			25.3
Net Income		76,371			68,666			7,705			11.2
Per Common Share Data: (Diluted) (b)
Net Income Attributable to Common Shareholders		0.75			0.72			0.03			4.2
Average Diluted Shares Outstanding		101,351			95,274			6,077			6.4
Book Value		11.51			11.70			(0.19	)		(1.6	)
Stock Price		14.20			13.61			0.59			4.3
Performance Ratios:
Return on Average Assets		1.06	%		1.06	%		0.00	%		0.0
Return on Average Common Equity (c)		8.58			8.57			0.01			0.1
Net Interest Margin (FTE)		3.99			4.18			(0.19	)		(4.5	)
Other Expense to Revenue (Efficiency Ratio) (d)		69.30			71.71			(2.41	)		(3.4	)
Net Charge-offs to Average Loans (e)		0.04			0.12			(0.08	)		(66.7	)
Reserve for Loan Losses to Ending Loans (e)		0.88			1.05			(0.17	)		(16.2	)
Non-Performing Loans to Ending Loans (e)		2.52			3.59			(1.07	)		(29.8	)
Balance Sheet:
Average Assets	$	9,581,339		$	8,603,959		$	977,380			11.4
End of Period Balances:
Assets		9,652,079			9,383,044			269,035			2.9
Investments		3,176,406			2,764,280			412,126			14.9
Money Market Investments (f)		29,508			37,043			(7,535	)		(20.3	)
Commercial Loans and Leases		1,416,520			1,363,516			53,004			3.9
Commercial Real Estate Loans		1,269,302			1,528,167			(258,865	)		(16.9	)
Consumer Loans		1,012,158			1,034,418			(22,260	)		(2.2	)
Residential Real Estate Loans		1,374,496			1,317,065			57,431			4.4
Residential Real Estate Loans Held for Sale		7,918			9,911			(1,993	)		(20.1	)
Finance Leases Held for Sale		—			—			0			N/M
Earning Assets		8,286,308			8,054,400			231,908			2.9
Core Deposits (Excluding Brokered CDs)		7,208,407			7,218,249			(9,842	)		(0.1	)
Borrowed Funds (Including Brokered CDs)		1,052,846			743,690			309,156			41.6
Common Shareholders’ Equity		1,159,256			1,186,764			(27,508	)		(2.3	)

(a) Includes $0 and $1,078, respectively, for other-than-temporary impairment in 2013 and 2012.

(b) Assumes conversion of stock options and restricted stock.

(c) Based on average common shareholders’ equity of $1,186,688 and $1,068,371, respectively, for 2013 and 2012.

(d) Noninterest expense before amortization of intangibles as a percent of FTE net interest income and noninterest revenues, excluding net gains from securities transactions.

(e) Excludes residential loans and leases held for sale and covered loans.

(f) Includes money market investments and Federal Reserve interest earning accounts.

N/M = Not meaningful.

Page 8 of 8

EX-99.2

Exhibit 99.2

Old National Bancorp

Financial Trends

Third Quarter 2013

October 28, 2013

Please direct inquiries to:

Christopher A. Wolking, Senior Executive Vice President & Chief Financial Officer (812) 464-1322 or Joan M. Kissel, Senior Vice President & Corporate Controller (812) 465-7290

Notes: -Summations may not equal due to rounding.

Old National Bancorp

Financial Summary

Third Quarter 2013

										2012												2013
2010			2011			2012				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
									Profitability (in millions)
$	38.2		$	72.5		$	91.7		Net Income (Loss)	$	21.7		$	27.2		$	19.7		$	23.0		$	23.9		$	28.5		$	23.9
	38.2			72.5			91.7		Net Income (Loss) Avail. to Common Shareholders		21.7			27.2			19.7			23.0			23.9			28.5			23.9
									Diluted EPS
$	0.44		$	0.76		$	0.95		Net Income (Loss) Avail. to Common Shareholders	$	0.23		$	0.29		$	0.20		$	0.23		$	0.24		$	0.28		$	0.23
									Ratios—Net Income
	4.40	%		7.24	%		8.34	%	Return on Average Common Equity		8.34	%		10.25	%		7.17	%		7.73	%		8.00	%		9.51	%		8.23	%
	0.50	%		0.86	%		1.04	%	Return on Average Assets		1.02	%		1.27	%		0.91	%		0.98	%		1.01	%		1.18	%		1.00	%
	79.25	%		73.80	%		71.83	%	Efficiency Ratio (2)		70.88	%		69.20	%		75.26	%		72.15	%		68.34	%		66.52	%		72.96	%
	3.40	%		3.87	%		4.23	%	Net Interest Margin (FTE)		4.20	%		4.26	%		4.09	%		4.34	%		4.04	%		3.97	%		3.96	%
									Capital Ratios:
									Risk-Based Capital Ratios (EOP):
	13.6	%		13.5	%		13.6	%	Tier 1		14.0	%		14.6	%		12.9	%		13.6	%		14.1	%		14.4	%		14.2	%
	14.8	%		15.0	%		14.7	%	Total		15.4	%		15.7	%		14.1	%		14.7	%		15.1	%		15.4	%		15.1	%
	9.0	%		8.3	%		8.5	%	Leverage Ratio (to Average Assets)		8.8	%		9.0	%		8.8	%		8.5	%		8.7	%		8.8	%		8.8	%
	11.46	%		11.94	%		12.49	%	Total Equity to Assets (Averages)		12.22	%		12.38	%		12.64	%		12.68	%		12.64	%		12.40	%		12.12	%
	9.68	%		8.97	%		9.01	%	Tangible Common Equity to Tangible Assets (1)		9.23	%		9.40	%		9.05	%		9.01	%		8.96	%		8.65	%		8.41	%
									Per Common Share Data:
	0.28			0.28			0.36		Cash Dividends Declared		0.09			0.09			0.09			0.09			0.10			0.10			0.10
	64	%		37	%		38	%	Dividend Payout Ratio		39	%		31	%		44	%		39	%		42	%		35	%		42	%
	10.08			10.92			11.81		Common Book Value (EOP)		11.10			11.34			11.70			11.81			11.83			11.57			11.51
	11.89			11.65			11.87		Market Value (EOP)		13.14			12.01			13.61			11.87			13.75			13.83			14.20
	7.85			7.89			8.17		Tangible Common Book Value (1)		8.09			8.35			8.04			8.17			8.23			7.96			7.75
									Other Statistics
	2,491			2,551			2,684		Full Time Equivalent Employees		2,530			2,613			2,703			2,684			2,589			2,578			2,658

FTE — Fully taxable equivalent basis

EOP — End of period actual balances

(1) See Non-GAAP Reconciliation on Page 9.

(2) Efficiency ratio is defined as noninterest expense before amortization of intangibles as a percent of FTE net interest income and noninterest revenues, excluding net gains from securities transactions. This presentation excludes intangible amortization and net securities gains, as is common in other company releases, and better aligns with true operating performance.

PAGE 1

Old National Bancorp

INCOME STATEMENT

($ In Millions except EPS information)

Nine Months						Change							Third Quarter						Change
2013			2012			$			%				2013			2012			$			%
$	255.7		$	252.3		$	3.4			1.3	%	Interest Income	$	83.9		$	82.8		$	1.1			1.4	%
	19.4			27.9			(8.5	)		-30.3	%	Less: Interest Expense		5.9			8.6			(2.7	)		-31.6	%
	236.2			224.4			11.8			5.3	%	Net Interest Income		78.0			74.1			3.8			5.2	%
	17.6			16.1			1.5			9.1	%	Wealth Management Fees		5.5			5.2			0.3			6.5	%
	36.8			38.6			(1.8	)		-4.6	%	Service Charges on Deposit Accounts		13.9			12.8			1.1			8.7	%
	18.0			17.9			0.1			0.4	%	ATM Fees		6.2			5.7			0.6			9.7	%
	3.8			2.2			1.7			76.0	%	Mortgage Banking Revenue		1.0			0.8			0.1			13.8	%
	29.1			27.6			1.5			5.5	%	Insurance Premiums and Commissions		8.9			8.7			0.2			2.1	%
	12.1			9.5			2.7			28.3	%	Investment Product Fees		4.5			3.4			1.1			33.2	%
	6.0			4.7			1.2			25.9	%	Company-owned Life Insurance		2.7			1.7			1.0			56.5	%
	(5.9	)		(4.1	)		(1.8	)		N/M		Change in Indemnification Asset		(2.1	)		(4.9	)		2.7			N/M
	19.7			16.0			3.7			22.9	%	Other Income		7.0			4.5			2.4			53.8	%
	137.2			128.5			8.7			6.8	%	Total Fees, Service Charges & Other Rev.		47.5			38.0			9.6			25.2	%
	3.0			9.4			(6.4	)		-68.2	%	Gains (Losses) Sales of Securities (1)		0.2			2.7			(2.5	)		-93.1	%
	0.2			0.7			(0.5	)		-76.3	%	Gains (Losses) Derivatives		0.0			0.2			(0.2	)		-89.5	%
	140.3			138.5			1.8			1.3	%	Total Noninterest Income		47.8			40.9			6.9			16.9	%
	376.6			362.9			13.6			3.8	%	Total Revenues		125.8			115.0			10.7			9.3	%
	151.5			142.7			8.8			6.2	%	Salaries and Employee Benefits		51.8			49.9			1.9			3.8	%
	36.7			39.2			(2.5	)		-6.3	%	Occupancy		12.6			13.5			(0.9	)		-6.5	%
	9.0			8.7			0.3			2.9	%	Equipment		3.3			2.9			0.4			13.9	%
	5.3			4.5			0.9			19.4	%	Marketing		2.2			1.5			0.7			43.3	%
	16.6			16.8			(0.2	)		-1.4	%	Data Processing		5.7			5.4			0.3			5.0	%
	7.9			8.1			(0.1	)		-1.6	%	Communication		2.7			2.6			0.0			1.1	%
	9.6			9.1			0.5			5.5	%	Professional Fees		3.1			3.8			(0.6	)		-17.1	%
	5.5			4.9			0.6			11.8	%	Loan Expenses		1.9			1.8			0.1			7.1	%
	1.9			2.1			(0.2	)		-10.6	%	Supplies		0.7			0.7			(0.1	)		-10.0	%
	3.6			4.1			(0.5	)		-11.4	%	FDIC Assessment		1.9			1.3			0.5			40.7	%
	4.0			11.8			(7.7	)		-65.8	%	Other Real Estate Owned Expense		1.5			0.4			1.1			293.9	%
	22.1			14.4			7.7			53.5	%	Other Expense		9.4			5.2			4.2			80.7	%
	273.8			266.3			7.4			2.8	%	Total Noninterest Expense		96.7			89.0			7.6			8.6	%
	(4.6	)		2.8			(7.4	)		-260.4	%	Provision for loan losses		(1.7	)		0.4			(2.1	)		N/M
	107.4			93.8			13.6			14.5	%	Income (loss) before Income Taxes		30.8			25.6			5.2			20.4	%
	31.0			25.1			5.9			23.5	%	Total Taxes		6.9			5.9			1.0			17.2	%
$	76.4		$	68.7		$	7.7			11.2	%	Net Income (Loss)	$	23.9		$	19.7		$	4.2			21.3	%
												Diluted EPS
$	0.75		$	0.72		$	0.03			4.6	%	Net Income (Loss) Avail to Common	$	0.23		$	0.20		$	0.03			16.4	%
												Average Common Shares Outstanding (000’s)
	100,901			94,886			6,015			6.3	%	Basic		100,645			95,690			4,956			5.2	%
	101,351			95,274			6,077			6.4	%	Diluted		101,131			96,125			5,007			5.2	%
	100,693			101,403			(711	)		-0.7	%	Common Shares Outstanding (EOP) (000’s)		100,693			101,403			(711	)		-0.7	%

(1) Includes $0.2 million of net gains and $0.0 million of OTTI in 3Q13 and $2.9 million of net gains and $0.2 million of OTTI in 3Q12. Includes $3.0 million of net gains and $0.0 million of OTTI in YTD 2013 and $10.5 million of net gains and $1.1 million of OTTI in YTD 2012.

EOP — End of period actual balances

N/M = Not meaningful

OTTI — Other Than Temporary Impairment

PAGE 2

Old National Bancorp

NET INCOME TRENDS

Third Quarter 2013

($ In Millions except EPS information)

								2012										2013
2010		2011		2012				1st Qtr		2nd Qtr			3rd Qtr			4th Qtr		1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
$	296.8	$	326.6	$	344.7		Interest Income	$	84.3	$	85.3		$	82.8		$	92.4	$	86.1		$	85.7		$	83.9
	78.4		53.7		35.9		Less: Interest Expense		10.0		9.3			8.6			8.0		7.1			6.5			5.9
	218.4		272.9		308.8		Net Interest Income		74.3		76.0			74.1			84.4		79.0			79.2			78.0
	16.1		20.5		21.5		Wealth Management Fees		5.1		5.8			5.2			5.4		5.7			6.4			5.5
	50.0		51.9		51.5		Service Charges on Deposit Accounts		12.9		12.9			12.8			12.9		11.1			11.8			13.9
	23.0		25.2		24.0		ATM Fees		6.3		5.9			5.7			6.1		5.8			5.9			6.2
	2.2		3.3		3.7		Mortgage Banking Revenue		0.6		0.8			0.8			1.6		1.3			1.6			1.0
	36.5		37.0		37.1		Insurance Premiums and Commissions		9.6		9.3			8.7			9.5		10.9			9.3			8.9
	9.2		11.1		12.7		Investment Product Fees		2.9		3.2			3.4			3.3		3.6			4.1			4.5
	4.1		5.3		6.5		Company-owned Life Insurance		1.5		1.5			1.7			1.7		1.6			1.6			2.7
	—		0.4		(3.4	)	Change in Indemnification Asset		4.8		(4.0	)		(4.9	)		0.7		(2.3	)		(1.5	)		(2.1	)
	14.4		20.1		21.7		Other Income		4.8		6.7			4.5			5.7		7.6			5.1			7.0
	155.5		174.6		175.4		Total Fees, Service Charges & Other Rev.		48.4		42.1			38.0			46.9		45.3			44.3			47.5
	13.2		7.3		13.6		Gains (Losses) Sales of Securities (1)		0.5		6.2			2.7			4.2		1.0			1.8			0.2
	1.5		1.0		0.8		Gains (Losses) Derivatives		0.2		0.2			0.2			0.2		(0.0	)		0.1			0.0
	170.1		182.9		189.8		Total Noninterest Income		49.1		48.5			40.9			51.3		46.3			46.2			47.8
	388.6		455.8		498.6		Total Revenues		123.4		124.5			115.0			135.6		125.4			125.4			125.8
	170.6		189.5		193.9		Salaries and Employee Benefits		46.0		46.8			49.9			51.2		51.0			48.7			51.8
	46.4		51.1		50.9		Occupancy		12.5		13.3			13.5			11.8		12.1			12.0			12.6
	10.6		11.7		11.7		Equipment		2.9		3.0			2.9			3.0		2.9			2.8			3.3
	5.7		6.0		7.5		Marketing		1.4		1.5			1.5			3.0		1.2			1.9			2.2
	21.4		23.0		22.0		Data Processing		5.5		5.9			5.4			5.2		5.2			5.7			5.7
	9.8		10.4		10.9		Communication		2.8		2.6			2.6			2.9		2.6			2.7			2.7
	8.3		15.0		12.0		Professional Fees		2.7		2.6			3.8			2.9		3.7			2.8			3.1
	3.9		4.7		7.0		Loan Expenses		1.6		1.5			1.8			2.1		1.6			2.0			1.9
	2.9		3.8		2.7		Supplies		0.8		0.6			0.7			0.6		0.6			0.6			0.7
	8.4		7.5		6.0		FDIC Assessment		1.4		1.4			1.3			1.9		1.7			0.1			1.9
	2.6		2.0		17.1		Other Real Estate Owned Expense		9.8		1.6			0.4			5.4		1.0			1.5			1.5
	23.6		23.9		23.9		Other Expense		3.9		5.3			5.2			9.5		6.7			6.0			9.4
	314.3		348.5		365.8		Total Noninterest Expense		91.3		86.0			89.0			99.4		90.2			86.9			96.7
	30.8		7.5		5.0		Provision for Loan Losses		2.1		0.4			0.4			2.2		0.8			(3.7	)		(1.7	)
	43.5		99.8		127.8		Income (loss) before Income Taxes		30.1		38.1			25.6			34.0		34.3			42.2			30.8
	5.3		27.3		36.1		Total Taxes		8.3		10.9			5.9			11.0		10.4			13.7			6.9
$	38.2	$	72.5	$	91.7		Net Income (Loss)	$	21.7	$	27.2		$	19.7		$	23.0	$	23.9		$	28.5		$	23.9
$	0.44	$	0.76	$	0.95		Net Income (Loss) Avail to Common	$	0.23	$	0.29		$	0.20		$	0.23	$	0.24		$	0.28		$	0.23
	86,785		94,467		96,440		Average Basic Common Shares (000’s)		94,445		94,514			95,690			101,069		101,081			100,981			100,645
	86,928		94,772		96,833		Average Diluted Common Shares (000’s)		94,833		94,871			96,125			101,550		101,547			101,352			101,131

(1) Gains (losses) on sales of securities are net of OTTI.

PAGE 3

Old National Bancorp

Balance Sheet (EOP)

Third Quarter 2013

($ in Millions)

																Change from Prior Year
	9/30/2013			6/30/2013			3/31/2013			12/31/2012			9/30/2012			9/30/2013 vs. 9/30/2012					12/31/2011			12/31/2010
Assets
Fed Reserve Bank Account	$	24.7		$	58.1		$	15.2		$	41.9		$	26.9		$	(2.2	)	-8.2	%	$	26.4		$	141.4
Money Market Investments		4.8			3.5			4.8			3.9			10.2			(5.3	)	-52.3	%		4.8			2.8
Investments:
Treasury & Gov’t Sponsored Agencies		591.5			561.6			589.4			703.1			577.5			14.0		2.4	%		416.1			680.9
Mortgage-backed Securities		1,448.5			1,457.2			1,598.2			1,250.6			1,235.9			212.6		17.2	%		1,352.2			1,188.3
States & Political Subdivisions		823.3			828.4			834.4			746.6			727.4			95.9		13.2	%		619.2			566.3
Other Securities		313.2			256.9			259.9			244.3			223.5			89.7		40.1	%		202.0			194.8
Total Investments		3,176.4			3,104.1			3,281.9			2,944.6			2,764.3			412.1		14.9	%		2,589.5			2,630.4
Residential Real Estate Loans Held for Sale		7.9			13.6			14.6			12.6			9.9			(2.0	)	-20.1	%		4.5			3.8
Leases Held for Sale		—			11.6			—			—			—			—		N/M			—			—
Loans:
Commercial		1,351.1			1,363.1			1,262.7			1,279.2			1,231.4			119.7		9.7	%		1,137.0			1,105.3
Commercial Leases		30.1			34.8			52.4			57.7			62.6			(32.5	)	-51.9	%		79.6			106.1
Commercial & Agriculture Real Estate		1,165.8			1,198.0			1,230.3			1,255.9			1,291.1			(125.3	)	-9.7	%		1,067.4			942.4
Consumer:
Home Equity		244.3			242.0			244.3			253.6			263.8			(19.5	)	-7.4	%		216.2			248.3
Other Consumer Loans		686.1			650.1			643.1			653.3			666.3			19.8		3.0	%		645.2			676.6
Subtotal of Commercial & Consumer Loans		3,477.4			3,488.0			3,432.9			3,499.6			3,515.1			(37.8	)	-1.1	%		3,145.4			3,078.7
Residential Real Estate		1,344.3			1,399.6			1,352.7			1,324.7			1,279.2			65.1		5.1	%		995.5			664.7
Covered Loans		250.8			288.6			326.4			372.3			448.8			(198.0	)	-44.1	%		626.4			—
Total Loans		5,072.5			5,176.2			5,112.0			5,196.6			5,243.2			(170.7	)	-3.3	%		4,767.2			3,743.5
Total Earning Assets		8,286.3			8,367.1			8,428.5			8,199.6			8,054.4			231.9		2.9	%		7,392.5			6,521.8
Allowance for Loan Losses		(47.3	)		(49.3	)		(53.5	)		(54.8	)		(54.8	)		(7.4	)	-13.6	%		(58.1	)		(72.3	)
Nonearning Assets:
Cash and Due from Banks		217.9			155.1			133.9			218.3			180.5			37.4		20.7	%		191.6			107.4
Premises & Equipment		104.6			91.4			89.8			89.9			83.3			21.4		25.7	%		71.9			48.8
Goodwill & Intangible Assets		379.3			364.4			365.5			368.0			371.2			8.2		2.2	%		286.8			194.1
Company-owned Life Insurance		273.6			273.9			272.3			270.6			268.9			4.7		1.8	%		248.7			226.2
FDIC Indemnification Asset		91.6			100.4			109.9			116.6			127.8			(36.2	)	-28.4	%		168.9			—
Covered ORE		18.2			23.1			26.1			26.1			28.8			(10.5	)	-36.6	%		30.4			—
Other Assets		327.8			315.0			301.1			309.2			323.0			4.8		1.5	%		276.9			238.0
Total Nonearning Assets		1,413.1			1,323.3			1,298.7			1,398.8			1,383.4			29.7		2.1	%		1,275.2			814.4
Total Assets	$	9,652.1		$	9,641.1		$	9,673.7		$	9,543.6		$	9,383.0		$	269.0		2.9	%	$	8,609.7		$	7,263.9
Liabilities & Equity
Noninterest-bearing Demand Deposits	$	1,975.2		$	1,881.4		$	1,973.3		$	2,007.8		$	1,943.5		$	31.6		1.6	%	$	1,728.5		$	1,276.0
NOW Accounts		1,711.3			1,652.8			1,691.2			1,827.7			1,694.8			16.5		1.0	%		1,569.1			1,297.4
Savings Accounts		1,962.4			1,900.1			1,916.9			1,869.4			1,939.7			22.7		1.2	%		1,570.4			1,079.4
Money Market Accounts		451.4			283.7			294.7			292.9			282.3			169.1		59.9	%		295.8			334.8
Other Time under $100,000		816.4			805.5			848.1			915.7			966.0			(149.6	)	-15.5	%		1,004.0			988.7
Other Time $100,000 & over		291.8			316.5			342.1			365.5			392.0			(100.2	)	-25.6	%		421.9			466.3
Total Core Deposits		7,208.4			6,840.1			7,066.3			7,278.9			7,218.2			(9.8	)	-0.1	%		6,589.8			5,442.7
Brokered CD’s		—			—			—			0.1			3.1			(3.1	)	-100.0	%		21.7			20.2
Total Deposits		7,208.4			6,840.1			7,066.3			7,279.0			7,221.4			(13.0	)	-0.2	%		6,611.6			5,462.9
Short-term Borrowings		419.0			530.4			644.0			589.8			452.1			(33.1	)	-7.3	%		424.8			298.2
Other Borrowings		633.9			884.3			536.8			237.5			288.5			345.4		119.7	%		290.8			421.9
Total Borrowed Funds		1,052.8			1,414.7			1,180.8			827.3			740.6			312.3		42.2	%		715.6			720.1
Accrued Expenses & Other Liabilities		231.6			219.3			226.9			242.8			234.3			(2.8	)	-1.2	%		248.9			202.0
Total Liabilities		8,492.8			8,474.1			8,474.0			8,349.1			8,196.3			296.5		3.6	%		7,576.1			6,385.1
Common Stock, Surplus & Retained Earnings		1,204.2			1,192.0			1,178.8			1,164.8			1,152.5			51.7		4.5	%		1,018.6			880.1
Other Comprehensive Income		(44.9	)		(25.0	)		20.8			29.8			34.3			(79.2	)	-231.1	%		15.0			(1.3	)
Total Shareholders Equity		1,159.3			1,167.0			1,199.7			1,194.6			1,186.8			(27.5	)	-2.3	%		1,033.6			878.8
Total Liabilities & Shareholders Equity	$	9,652.1		$	9,641.1		$	9,673.7		$	9,543.6		$	9,383.0		$	269.0		2.9	%	$	8,609.7		$	7,263.9

EOP —End of period actual balances

N/M = Not meaningful

PAGE 4

Old National Bancorp

Balance Sheet Trends

PERIOD AVERAGES

($ in Millions)

2010			2011			2012				2012												2013
										1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
									Assets
$	152.3		$	146.0		$	23.5		Fed Reserve Bank Account	$	19.7		$	29.2		$	21.8		$	23.4		$	18.4			12.7			16.3
	25.4			6.8			5.6		Money Market Investments		5.8			4.7			4.7			7.3			5.8			6.2			5.9
									Investments:
	1,057.9			613.2			538.2		Treasury & Gov’t Sponsored Agencies		456.6			515.8			557.1			623.4			661.0			582.1			568.0
	1,092.6			1,356.4			1,288.1		Mortgage-backed Securities		1,323.2			1,320.8			1,256.8			1,251.5			1,327.5			1,514.0			1,454.2
	536.3			580.9			684.6		States & Political Subdivisions		639.6			680.9			690.5			727.6			794.0			849.2			814.4
	198.7			211.9			214.6		Other Securities		205.8			205.8			213.4			233.2			256.3			258.6			269.5
	2,885.6			2,762.3			2,725.5		Total Investments		2,625.2			2,723.2			2,717.9			2,835.7			3,038.8			3,203.9			3,106.1
	4.2			3.5			4.9		Residential Real Estate Loans Held for Sale		3.0			3.3			4.5			8.7			10.7			10.7			7.6
	24.2			—			—		Leases Held for Sale		—			—			—			—			—			0.1			4.6
									Loans:
	1,152.0			1,169.5			1,156.0		Commercial		1,116.9			1,121.9			1,150.1			1,235.3			1,256.2			1,339.1			1,353.3
	95.3			92.5			68.3		Commercial Leases		76.4			71.1			65.5			60.0			54.5			48.4			32.1
	1,007.6			1,152.8			1,100.9		Commercial & Agriculture Real Estate		1,037.2			1,016.1			1,086.8			1,263.4			1,235.6			1,208.9			1,179.9
									Consumer:
	264.7			258.9			250.7		Home Equity		244.8			235.6			240.4			282.0			270.1			260.9			258.3
	742.7			643.3			621.8		Other Consumer Loans		608.3			614.6			627.2			637.3			626.5			626.2			651.2
	3,262.3			3,317.0			3,197.7		Subtotal of Commercial & Consumer Loans		3,083.6			3,059.3			3,170.0			3,478.0			3,442.9			3,483.4			3,474.8
	460.5			822.5			1,150.9		Residential Real Estate		1,025.5			1,091.9			1,176.5			1,309.7			1,338.8			1,377.7			1,422.0
	—			301.0			508.9		Covered Loans		599.2			529.0			476.8			430.4			355.1			312.0			272.2
	3,722.9			4,440.5			4,857.5		Total Loans		4,708.4			4,680.2			4,823.4			5,218.1			5,136.8			5,173.1			5,169.0
	6,814.6			7,359.1			7,617.1		Total Earning Assets		7,362.1			7,440.6			7,572.3			8,093.3			8,210.5			8,406.6			8,309.4
	(73.9	)		(70.8	)		(56.1	)	Allowance for Loan Losses		(56.6	)		(57.4	)		(54.6	)		(56.0	)		(53.2	)		(52.9	)		(49.2	)
	845.7			1,096.3			1,239.6		Nonearning Assets		1,218.9			1,189.0			1,197.6			1,353.0			1,319.2			1,307.6			1,345.8
$	7,586.4		$	8,384.7		$	8,800.5		Total Assets	$	8,524.4		$	8,572.2		$	8,715.3		$	9,390.3		$	9,476.6		$	9,661.4		$	9,606.0
									Liabilities & Equity
$	1,182.7		$	1,555.9		$	1,828.8		Noninterest-bearing Demand Deposits	$	1,734.0		$	1,764.0		$	1,859.9		$	1,957.1		$	1,942.1		$	1,914.6		$	1,948.6
	1,221.4			1,472.7			1,608.6		NOW Accounts		1,535.8			1,604.9			1,573.1			1,720.7			1,726.4			1,707.3			1,716.2
	1,043.3			1,384.3			1,728.9		Savings Accounts		1,612.4			1,668.4			1,734.6			1,900.1			1,870.6			1,892.2			1,946.9
	361.2			328.6			289.0		Money Market Accounts		292.5			292.7			283.9			286.8			295.4			289.7			440.1
	1,709.2			1,596.8			1,309.5		Other Time		1,392.9			1,295.2			1,227.6			1,322.2			1,232.1			1,147.9			1,168.1
	5,517.7			6,338.3			6,764.7		Total Core Deposits		6,567.6			6,625.2			6,679.1			7,187.0			7,066.6			6,951.7			7,219.8
	44.4			51.0			10.5		Brokered CD’s		21.5			13.6			5.2			1.7			0.1			—			—
	5,562.0			6,389.2			6,775.2		Total Deposits		6,589.1			6,638.8			6,684.3			7,188.7			7,066.6			6,951.7			7,219.8
	328.5			363.6			413.9		Short-term Borrowings		366.1			356.7			424.3			508.6			684.5			557.9			421.1
	615.0			414.9			280.2		Other Borrowings		290.7			289.0			276.3			264.9			294.6			731.0			572.7
	943.5			778.5			694.1		Total Borrowed Funds		656.8			645.7			700.5			773.5			979.1			1,288.9			993.8
	211.7			215.7			232.2		Accrued Expenses & Other Liabilities		236.4			226.4			228.7			237.4			233.0			222.9			227.9
	6,717.2			7,383.5			7,701.6		Total Liabilities		7,482.4			7,510.9			7,613.5			8,199.6			8,278.8			8,463.5			8,441.6
	869.6			990.3			1,072.1		Common Stock, Surplus & Retained Earnings		1,022.7			1,037.6			1,072.8			1,155.2			1,168.8			1,176.1			1,201.0
	(0.4	)		10.9			26.9		Other Comprehensive Income		19.4			23.7			29.0			35.6			29.0			21.7			(36.6	)
	869.2			1,001.2			1,099.0		Total Shareholders Equity		1,042.0			1,061.3			1,101.8			1,190.7			1,197.7			1,197.9			1,164.5
$	7,586.4		$	8,384.7		$	8,800.5		Total Liabilities & Shareholders Equity	$	8,524.4		$	8,572.2		$	8,715.3		$	9,390.3		$	9,476.6		$	9,661.4		$	9,606.0

PAGE 5

Old National Bancorp

Interest Rate Trends (FTE basis)

PERIOD AVERAGES

2010			2011			2012				2012												2013
										1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
									Earning Assets:
	0.24	%		0.33	%		0.51	%	Fed Funds Sold, Resell Agr, Fed Reserve Bank Acct, & Money Mkt		0.24	%		0.13	%		0.25	%		0.15	%		0.22	%		0.15	%		0.14	%
									Investments:
	3.21	%		2.35	%		2.35	%	Treasury & Gov’t Sponsored Agencies		2.31	%		2.37	%		2.40	%		2.31	%		2.24	%		2.24	%		2.30	%
	3.96	%		2.80	%		2.26	%	Mortgage-backed Securities		2.45	%		2.34	%		2.27	%		1.98	%		1.92	%		1.78	%		1.82	%
	6.19	%		5.88	%		5.47	%	States & Political Subdivisions		5.61	%		5.57	%		5.45	%		5.29	%		5.19	%		5.18	%		5.48	%
	4.68	%		4.23	%		3.76	%	Other Securities		4.20	%		3.86	%		3.83	%		3.39	%		3.31	%		3.34	%		3.39	%
	3.93	%		3.30	%		3.18	%	Total Investments		3.33	%		3.27	%		3.22	%		3.02	%		2.96	%		2.89	%		3.00	%
									Loans:
	4.21	%		4.70	%		4.87	%	Commercial		4.63	%		4.62	%		4.39	%		5.46	%		4.44	%		4.63	%		4.24	%
	6.45	%		6.46	%		6.36	%	Commercial Leases (1)		6.30	%		6.72	%		6.28	%		6.08	%		6.08	%		5.97	%		6.40	%
	4.47	%		6.03	%		7.22	%	Commercial & Agriculture Real Estate		6.92	%		7.51	%		6.74	%		7.22	%		7.17	%		6.77	%		6.80	%
									Consumer:
	3.68	%		3.81	%		3.78	%	Home Equity		3.83	%		3.76	%		3.79	%		3.75	%		3.71	%		3.71	%		3.67	%
	7.15	%		7.10	%		6.19	%	Other Consumer Loans		6.68	%		6.26	%		5.89	%		5.94	%		5.88	%		5.59	%		5.19	%
	4.76	%		5.43	%		5.79	%	Subtotal of Commercial & Consumer Loans		5.87	%		6.01	%		5.59	%		6.14	%		5.73	%		5.56	%		5.33	%
	5.64	%		4.87	%		4.50	%	Residential Real Estate Loans (1)		4.59	%		4.65	%		4.44	%		4.35	%		4.15	%		4.12	%		4.09	%
	5.07	%		5.46	%		5.56	%	Total Loans (1)		5.53	%		5.63	%		5.25	%		5.63	%		5.26	%		5.12	%		4.95	%
	4.55	%		4.60	%		4.70	%	Total Earning Assets		4.73	%		4.75	%		4.51	%		4.69	%		4.39	%		4.26	%		4.21	%
									Interest-bearing Liabilities:
	0.03	%		0.04	%		0.03	%	NOW Accounts		0.03	%		0.03	%		0.03	%		0.03	%		0.03	%		0.03	%		0.03	%
	0.30	%		0.29	%		0.22	%	Savings Accounts		0.25	%		0.23	%		0.20	%		0.19	%		0.17	%		0.15	%		0.14	%
	0.10	%		0.10	%		0.10	%	Money Market Accounts		0.10	%		0.10	%		0.10	%		0.10	%		0.08	%		0.06	%		0.05	%
	2.50	%		1.87	%		1.70	%	Other Time		1.86	%		1.82	%		1.73	%		1.44	%		1.42	%		1.44	%		1.20	%
	1.07	%		0.73	%		0.54	%	Total Interest-bearing Deposits		0.64	%		0.58	%		0.53	%		0.45	%		0.42	%		0.40	%		0.33	%
	4.51	%		1.59	%		0.78	%	Brokered CD’s		0.86	%		0.82	%		0.48	%		0.53	%		2.27	%		0.00	%		0.00	%
	1.11	%		0.74	%		0.55	%	Total Interest-bearing Deposits & CD’s		0.64	%		0.58	%		0.53	%		0.45	%		0.42	%		0.40	%		0.33	%
	0.20	%		0.15	%		0.13	%	Short-term Borrowings		0.14	%		0.13	%		0.12	%		0.13	%		0.16	%		0.15	%		0.09	%
	4.74	%		4.16	%		2.98	%	Other Borrowings		2.97	%		2.93	%		2.98	%		2.93	%		2.06	%		0.69	%		0.98	%
	3.16	%		2.29	%		1.28	%	Total Borrowed Funds		1.41	%		1.40	%		1.25	%		1.10	%		0.74	%		0.46	%		0.60	%
	1.47	%		0.96	%		0.64	%	Total Interest-bearing Liabilities		0.73	%		0.68	%		0.62	%		0.53	%		0.47	%		0.41	%		0.37	%
	3.08	%		3.64	%		4.06	%	Net Interest Rate Spread		4.00	%		4.07	%		3.89	%		4.15	%		3.92	%		3.85	%		3.84	%
	3.40	%		3.87	%		4.23	%	Net Interest Margin (FTE)		4.20	%		4.26	%		4.09	%		4.34	%		4.04	%		3.97	%		3.96	%
$	13.5		$	11.8		$	13.2		FTE Adjustment ($ in millions)	$	3.1		$	3.3		$	3.3		$	3.5		$	3.9		$	4.2		$	4.4

FTE — Fully taxable equivalent basis

(1) Includes residential loans and leases held for sale.

PAGE 6

Old National Bancorp

Asset Quality (EOP) Excludes Covered Assets (4)

($ in Millions)

2010			2011			2012				2012												2013
										1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
$	69.5		$	72.3		$	57.1		Beginning Allowance for Loan Losses	$	57.1		$	54.7		$	50.4		$	50.4		$	49.0		$	47.3		$	43.9
	30.8			6.5			(1.0	)	Provision for Loan Losses		1.0			(3.4	)		(0.3	)		1.8			(0.6	)		(3.3	)		(1.3	)
	(41.3	)		(34.1	)		(21.4	)	Gross Charge-offs		(6.5	)		(4.4	)		(4.4	)		(6.1	)		(4.0	)		(3.4	)		(3.4	)
	—			—			—		Write-downs from Loans Sold		—			—			—			—			—			—			—
	13.3			12.4			14.3		Gross Recoveries		3.1			3.5			4.8			2.9			2.9			3.3			3.1
	(28.0	)		(21.7	)		(7.1	)	Net Charge-offs		(3.4	)		(0.9	)		0.4			(3.2	)		(1.1	)		(0.1	)		(0.3	)
$	72.3		$	57.1		$	49.0		Ending Allowance for Loan Losses	$	54.7		$	50.4		$	50.4		$	49.0		$	47.3		$	43.9		$	42.3
	0.75	%		0.53	%		0.16	%	Net Charge-offs / Average Loans (1)		0.33	%		0.09	%		-0.03	%		0.26	%		0.10	%		0.01	%		0.03	%
$	3,722.9		$	4,139.5		$	4,348.7		Average Loans Outstanding (1)	$	4,109.2		$	4,151.2		$	4,346.6		$	4,787.7		$	4,781.7		$	4,861.1		$	4,896.8
$	3,743.5		$	4,140.8		$	4,824.3		EOP Loans Outstanding (1)	$	4,114.7		$	4,226.3		$	4,794.4		$	4,824.3		$	4,785.6		$	4,887.6		$	4,821.7
	1.93	%		1.38	%		1.02	%	Allowance for Loan Loss / EOP Loans (1)		1.33	%		1.19	%		1.05	%		1.02	%		0.99	%		0.90	%		0.88	%
									Underperforming Assets:
$	0.6		$	1.1		$	1.1		Loans 90 Days & over (still accruing)	$	0.4		$	0.3		$	0.6		$	1.1		$	2.0		$	1.2		$	0.8
									Non-performing Loans:
	70.9			115.3			150.4		Nonaccrual Loans (2)		113.0			99.5			161.6			150.4			145.3			129.5			107.6
	—			1.3			9.2		Renegotiated Loans		1.1			1.2			10.4			9.2			9.1			9.0			14.0
	70.9			116.7			159.5		Total Non-performing Loans		114.1			100.7			172.0			159.5			154.4			138.5			121.6
	5.6			7.1			11.2		Foreclosed properties		6.5			10.8			14.3			11.2			9.1			7.7			9.6
$	77.1		$	124.9		$	171.8		Total Underperforming Assets	$	121.0		$	111.7		$	186.8		$	171.8		$	165.5		$	147.4		$	132.0
$	174.3		$	204.1		$	233.4		Classified Loans—“Problem Loans”	$	184.0		$	146.3		$	260.0		$	233.4		$	221.7		$	198.4		$	178.3
	105.6			106.9			59.2		Other Classified Assets		106.4			102.4			56.4			59.2			57.0			49.6			48.4
	84.0			80.1			113.3		Criticized Loans—“Special Mention Loans”		77.1			103.1			135.3			113.3			127.3			152.8			129.5
$	363.9		$	391.1		$	405.9		Total Classified & Criticized Assets	$	367.4		$	351.9		$	451.7		$	405.9		$	406.0		$	400.9		$	356.1
	1.90	%		2.82	%		3.31	%	Non-performing loans / EOP Loans (1)		2.77	%		2.38	%		3.59	%		3.31	%		3.23	%		2.83	%		2.52	%
	102	%		49	%		31	%	Allowance to Non-performing Loans (3)		48	%		50	%		29	%		31	%		31	%		32	%		35	%
	2.06	%		3.02	%		3.56	%	Under-performing Assets / EOP Loans (1)		2.94	%		2.64	%		3.90	%		3.56	%		3.46	%		3.02	%		2.74	%
$	7,263.9		$	8,609.7		$	9,543.6		EOP Total Assets (includes covered assets)	$	8,581.1		$	8,689.6		$	9,383.0		$	9,543.6		$	9,673.7		$	9,641.1		$	9,652.1
	1.06	%		1.45	%		1.80	%	Under-performing Assets / EOP Assets		1.41	%		1.29	%		1.99	%		1.80	%		1.71	%		1.53	%		1.37	%

EOP —End of period actual balances

(1) Excludes residential loans and leases held for sale.

(2) Includes $31.0 million in 3Q13 of renegotiated loans.

(3) Because the acquired loans from Monroe, Integra and IBT were recorded at fair value in accordance with ASC 805 at the date of acquisition, the credit risk is incorporated in the fair value recorded. No allowance for loan losses is recorded on the acquisition date.

(4) The Company entered into separate loss sharing agreements with the FDIC providing for specified credit loss protection for substantially all acquired single family residential loans, commercial loans, and other real estate owned. At Sept 30, 2013, approximately $250.8 million of loans and $18.2 million of other real estate owned are covered by the loss sharing agreements. As such, eighty percent of losses incurred on these covered assets will be reimbursed to Old National by the FDIC.

PAGE 7

Old National Bancorp

Asset Quality (EOP) Including Covered Assets (4)

($ in Millions)

2010			2011			2012				2012												2013
										1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
$	69.5		$	72.3		$	58.1		Beginning Allowance for Loan Losses	$	58.1		$	55.9		$	54.8		$	54.8		$	54.8		$	53.5		$	49.3
	30.8			7.5			5.0		Provision for Loan Losses		2.1			0.4			0.4			2.2			0.8			(3.7	)		(1.7	)
	(41.3	)		(34.9	)		(22.3	)	Gross Charge-offs		(7.6	)		(5.2	)		(5.2	)		(4.3	)		(5.0	)		(4.0	)		(3.5	)
	—			—			—		Write-downs from Loans Sold		—			—			—			—			—			—			—
	13.3			13.2			14.0		Gross Recoveries		3.4			3.6			4.8			2.1			2.9			3.5			3.2
	(28.0	)		(21.7	)		(8.3	)	Net Charge-offs		(4.2	)		(1.5	)		(0.4	)		(2.2	)		(2.1	)		(0.5	)		(0.3	)
$	72.3		$	58.1		$	54.8		Ending Allowance for Loan Losses	$	55.9		$	54.8		$	54.8		$	54.8		$	53.5		$	49.3		$	47.3
	0.75	%		0.49	%		0.17	%	Net Charge-offs / Average Loans (1)		0.36	%		0.13	%		0.03	%		0.17	%		0.17	%		0.04	%		0.02	%
$	3,722.9		$	4,440.5		$	4,857.5		Average Loans Outstanding (1)	$	4,708.4		$	4,680.2		$	4,823.4		$	5,218.1		$	5,136.8		$	5,173.1		$	5,169.0
$	3,743.5		$	4,767.2		$	5,196.6		EOP Loans Outstanding (1)	$	4,663.2		$	4,715.6		$	5,243.2		$	5,196.6		$	5,112.0		$	5,176.2		$	5,072.5
	1.93	%		1.22	%		1.05	%	Allowance for Loan Loss / EOP Loans (1)		1.20	%		1.16	%		1.04	%		1.05	%		1.05	%		0.95	%		0.93	%
									Underperforming Assets:
$	0.6		$	3.4		$	1.1		Loans 90 Days & over (still accruing)	$	1.3		$	0.9		$	0.6		$	1.1		$	2.0		$	1.2		$	0.9
									Non-performing Loans:
	70.9			298.2			254.3		Nonaccrual Loans (2)		271.5			240.5			285.3			254.3			210.5			189.8			148.3
	—			1.3			9.2		Renegotiated Loans		1.1			1.2			10.4			9.2			9.1			9.0			14.0
	70.9			299.5			263.5		Total Non-performing Loans		272.6			241.7			295.7			263.5			219.6			198.8			162.4
	5.6			37.6			37.3		Foreclosed properties		31.2			32.9			43.1			37.3			35.2			30.9			27.9
$	77.1		$	340.5		$	301.9		Total Underperforming Assets	$	305.0		$	275.5		$	339.4		$	301.9		$	256.8		$	230.9		$	191.1
$	174.3		$	404.3		$	355.4		Classified Loans—“Problem Loans”	$	370.0		$	310.9		$	408.7		$	355.4		$	303.1		$	265.9		$	223.9
	105.6			106.9			59.2		Other Classified Assets		106.4			102.4			56.4			59.2			57.0			49.6			48.4
	84.0			103.2			122.6		Criticized Loans—“Special Mention Loans”		97.2			119.3			149.6			122.6			141.5			166.8			139.4
$	363.9		$	614.4		$	537.2		Total Classified & Criticized Assets	$	573.6		$	532.7		$	614.7		$	537.2		$	501.7		$	482.4		$	411.7
	1.90	%		6.28	%		5.07	%	Non-performing loans / EOP Loans (1)		5.85	%		5.13	%		5.64	%		5.07	%		4.30	%		3.84	%		3.20	%
	102	%		19	%		21	%	Allowance to Non-performing Loans (3)		21	%		23	%		19	%		21	%		24	%		25	%		29	%
	2.06	%		7.14	%		5.81	%	Under-performing Assets / EOP Loans (1)		6.54	%		5.84	%		6.47	%		5.81	%		5.02	%		4.46	%		3.77	%
$	7,263.9		$	8,609.7		$	9,543.6		EOP Total Assets (includes covered assets)	$	8,581.1		$	8,689.6		$	9,383.0		$	9,543.6		$	9,673.7		$	9,641.1		$	9,652.1
	1.06	%		3.96	%		3.16	%	Under-performing Assets / EOP Assets		3.55	%		3.17	%		3.62	%		3.16	%		2.65	%		2.39	%		1.98	%

EOP —End of period actual balances

(1) Excludes residential loans and leases held for sale.

(2) Includes $31.0 million in 3Q13 of renegotiated loans.

(3) Because the acquired loans from Monroe, Integra and IBT were recorded at fair value in accordance with ASC 805 at the date of acquisition, the credit risk is incorporated in the fair value recorded. No allowance for loan losses is recorded on the acquisition date.

(4) The Company entered into separate loss sharing agreements with the FDIC providing for specified credit loss protection for substantially all acquired single family residential loans, commercial loans, and other real estate owned. At Sept 30, 2013, approximately $250.8 million of loans and $18.2 million of other real estate owned are covered by the loss sharing agreements. As such, eighty percent of losses incurred on these covered assets will be reimbursed to Old National by the FDIC.

PAGE 8

Old National Bancorp

NON-GAAP MEASURES

Third Quarter 2013

($ In Millions except EPS information)

										2012												2013
2010			2011			2012				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
									Actual EOP Balances
$	878.8		$	1,033.6		$	1,194.6		GAAP Shareholders’ Equity	$	1,050.4		$	1,073.7		$	1,186.8		$	1,194.6		$	1,199.7		$	1,167.0		$	1,159.3
									Deduct:
	167.9			253.2			338.8		Goodwill		253.2			253.2			339.9			338.8			338.8			339.4			352.7
	26.2			33.6			29.2		Intangibles		31.6			30.2			31.3			29.2			26.7			25.0			26.6
	194.1			286.8			368.0				284.8			283.4			371.2			368.0			365.5			364.4			379.3
$	684.7		$	746.8		$	826.5		Tangible Shareholders’ Equity	$	765.6		$	790.3		$	815.6		$	826.5		$	834.2		$	802.6		$	779.9
									Deduct:
	—			—			—		Preferred Stock, Surplus & Retained Earnings		—			—			—			—			—			—			—
$	684.7		$	746.8		$	826.5		Tangible Common Shareholders’ Equity	$	765.6		$	790.3		$	815.6		$	826.5		$	834.2		$	802.6		$	779.9
									Actual EOP Balances
$	7,263.9		$	8,609.7		$	9,543.6		GAAP Assets	$	8,581.1		$	8,689.6		$	9,383.0		$	9,543.6		$	9,673.7		$	9,641.1		$	9,652.1
									Add:
	0.5			0.6			0.1		Trust Overdrafts		0.1			0.1			1.7			0.1			0.2			0.1			0.1
									Deduct:
	167.9			253.2			338.8		Goodwill		253.2			253.2			339.9			338.8			338.8			339.4			352.7
	26.2			33.6			29.2		Intangibles		31.6			30.2			31.3			29.2			26.7			25.0			26.6
	194.1			286.8			368.0				284.8			283.4			371.2			368.0			365.5			364.4			379.3
$	7,070.3		$	8,323.5		$	9,175.7		Tangible Assets	$	8,296.4		$	8,406.2		$	9,013.6		$	9,175.7		$	9,308.4		$	9,276.7		$	9,272.8
	4,720.9			5,163.5			5,604.9		Risk Weighted Assets		5,147.0			5,099.8			5,604.7			5,604.9			5,595.2			5,640.7			5,680.6
									Actual EOP Balances
$	38.2		$	72.5		$	91.7		GAAP Net Income	$	21.7		$	27.2		$	19.7		$	23.0		$	23.9		$	28.5		$	23.9
									Add:
	4.6			7.0			6.4		Intangible Amortization (net of tax)		1.6			1.5			1.6			1.7			1.9			1.5			1.5
$	42.8		$	79.4		$	98.1		Tangible Net Income	$	23.3		$	28.8		$	21.3		$	24.7		$	25.9		$	30.0		$	25.5
									Tangible Ratios
	6.26	%		10.64	%		11.87	%	Return on Tangible Common Equity		12.19	%		14.55	%		10.46	%		11.95	%		12.42	%		14.95	%		13.05	%
	0.61	%		0.95	%		1.07	%	Return on Tangible Assets		1.13	%		1.37	%		0.95	%		1.08	%		1.11	%		1.29	%		1.10	%
	9.68	%		8.97	%		9.01	%	Tangible Common Equity to Tangible Assets		9.23	%		9.40	%		9.05	%		9.01	%		8.96	%		8.65	%		8.41	%
	14.50	%		14.46	%		14.75	%	Tangible Common Equity to Risk Wgt Assets		14.88	%		15.50	%		14.55	%		14.75	%		14.91	%		14.23	%		13.73	%
	7.85			7.89			8.17		Tangible Common Book Value (1)		8.09			8.35			8.04			8.17			8.23			7.96			7.75

Tangible Common Equity is defined as GAAP Shareholders’ Equity less Preferred Stock, Goodwill and Intangibles.

Tangible Common Equity presentation includes Other Comprehensive Income (OCI) as is common in other company releases.

(1) Tangible Common Shareholders’ Equity Divided By Common Shares Issued and Outstanding at Period-End.

PAGE 9